Chadbourne & Parke represented a syndicate of nine banks in connection with a $1 billion guaranteed three-year revolving credit agreement for Mexican industrial group Mexichem, SAB de CV.

The deal was closed on September 1.

Chadbourne represented the administrative agent (JPMorgan Chase Bank, N.A.) and the lenders. The facility is guaranteed by certain subsidiaries of the borrower.

Marc Rossell led the Chadbourne team acting as U.S. lenders’ counsel. “Coordinating the documentation and the resolution of issues with such a large group of banks, all actively involved in the negotiations, was often challenging, but the transaction was successfully completed thanks to the hard work of all involved,” he said.

The Chadbourne team was comprised of corporate partners Marc Rossell and Scott Berson, both in New York, along with associates Joseph Giannini and Soo-ah Nah. Partner Edouard Markson, also in New York, advised on tax issues with associate Kevin Prokup.

The banks were Administrative Agent: JPMorgan Chase Bank, N.A.; Documentation Agents: Citigroup Global Markets Inc., Banco Santander (México), S.A., Institución de Banca Múltiple and Grupo Financiero Santander; Syndication Agents: Merrill Lynch, Pierce, Fenner & Smith Incorporated, BBVA Securities Inc. and HSBC Securities (USA) Inc.; and Joint Lead Arrangers and Bookrunners: BBVA Securities, Inc., Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and J.P. Morgan Securities LLC.